Lithium Battery Equipment Industry Enters Into a Golden Age – Biweekly 010

On March 8th, lithium carbonate futures fell by 0.70% to 113,350 yuan/ton, while spot prices slightly increased to an average of 108,900 yuan/ton, amid ongoing market adjustments.

【SMM Cobalt-Lithium Morning Meeting Summary: Lithium Carbonate Prices Rose Overall on Monday. On the supply side, some lithium salt companies were still in the early stages of resuming production after maintenance, resulting in relatively limited supplies available for spot sales beyond long-term contract orders. Some lithium salt companies have intentions for subsequent deliveries, but overall, lithium salt companies continue to sell long-term contract orders while pricing spot orders firmly. Their spot prices continue to rise. However, downstream companies like cathode material producers have given feedback that due to the recent continuous increase in lithium carbonate prices, while the pricing transmission of their products lags behind the lithium carbonate price hikes, the current pricing transmission situation makes it difficult to fully pass on the increased raw material costs to downstream customers, gradually squeezing production profits...】

In a groundbreaking shift, SNE Research forecasts China's sodium-ion batteries to enter mass production by 2025, targeting two-wheelers, small EVs, and energy storage. By 2035, their cost is expected to undercut lithium iron phosphate batteries by 11% to 24%, creating a colossal $14 billion annual market. Characterized by lower energy density but higher electrochemical stability and cold resistance, sodium-ion batteries promise a complementary role alongside lithium batteries, fueling the new energy sector's growth. Amidst soaring lithium prices, this resurgence marks a pivotal turn, with China poised to lead the charge in revolutionizing the global energy storage landscape.

Scrutiny Intensifies: U.S. House Committees Probe Ford's Michigan Plant Over Concerns Linked to Chinese Partnerships

【Lithium prices continue to plummet, lithium mining giant Albemarle plans layoffs and suspends expansion】

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China Tower and 11 EV-makers will establish branches to collect retired power batteries

Among various types of energy storage battery, which one is the most superior and which one is leading the market? How large is the market size in China and abroad? The answer is in this report!

This newsletter describes the latest trend of EV industry: 8GWh New Policy Will Possibly Trigger Fast-Paced Industrial Consolidation, LFP’s Bitter Winter is Around The Corner?...